"Dry promotions" are worthy of a raised eyebrow, Nathan writes.
The big picture: This is apparently the phrase to describe a promotion that doesn't come with a pay increase, according to the Wall Street Journal.
Dry promotions "present a career dilemma," WSJ reports. "And some data suggest they're becoming more common as companies manage their talent with tighter budgets."
💭 Nathan's thought bubble: It's a risky endeavor for employers who don't want to lose people to the competition to give them a better title — which will make them more appealing to other companies — without the money to show for it.
